Industry Background

A recent study conducted by the Centers for Disease Control found that, on average, 1 in 5 peoplewere part of a family that had difficulties historically or currently paying their medical bills.

As a result of the Affordable Care Act, millions of patients participate in high deductible insurance plans and hundreds of thousands of patients still remain uninsured. Over half of all companies with less than 500 employees have at least a $1000 deductible. Additionally, payers continue to assert pressure on Provider reimbursement rates. Taken together, these factors put increasing pressure on Healthcare Providers' cash flow, and as a result healthcare receivables are growing.